QX Resources Balance Sheet Health
Financial Health criteria checks 5/6
QX Resources has a total shareholder equity of A$6.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$7.5M and A$701.1K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$2.18m |
| Equity | AU$6.75m |
| Total liabilities | AU$701.12k |
| Total assets | AU$7.45m |
Financial Position Analysis
Short Term Liabilities: QXR's short term assets (A$2.2M) exceed its short term liabilities (A$701.1K).
Long Term Liabilities: QXR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: QXR is debt free.
Reducing Debt: QXR had no debt 5 years ago.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: QXR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: QXR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 12.8% each year